HITACHI LTD. TO BUY U.S GLOBALLOGIC INC. FOR $9.6 BILLION

Highlights –

• Hitachi Ltd. to buy U.S GlobalLogic Inc. for $9.6 billion.
• The acquisition is said to strengthen Hitachi’s digital operations in its wide range of business.
• Previously the deal was expected to close by end of July 2...

HITACHI TO ACQUIRE US-BASED SOFTWARE DEVELOPER GLOBALLOGIC FOR $9.6 BN

Highlights

• This decision has been taken in order to expand from electronics hardware to digital services and the company is aiming to close the transaction by the end of July

• Courtesy of this announcement, stock of Japanese conglomerate plunged over 7% at one poi...